Retail Sales Down, Facebook Share Lockup Ends

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... the ... earnings report just deal with the stock market spirits this morning deatails from John Shipman Justin Dow Jones this mortgage on the first before we get to sit still or PPI in retail sales those goals came in right ... um ... PPI it was a little bit softer than expected ... um bought ... PPI was expected to rise point two percent this is actually down down point two percent Julia also on the call were down twenty two ... it was the first month over month decline in the quarter number in two years of planning ... or UTI is that ... it's soon energy in our opinion ... and calm the what was interesting though is that the ... present ... on ball role materials ... increased of finished goods increased its lead to still see a little bit of an uptick in the annual percentage ... so slow but it's running on about what the former around what the Fed ... has tolerance for a little bit over two percent ... on the retail boss sales side sales were down a will but more than expected they were expected the Dow point two percent ... they are down twenty three and they're blaming Sandy super storm Sandy for that day ... um we choose and if that's the case then you'll see a little bit of payback coming up in the later in the Nelson suddenly ... now ... how do those heady reduced oversight as the marquee reduce the atorney Sealy doesn't get ... it I think that that ... that fits in with swim with the Fed ... it is as good looking I can't slow growth for ... the consumer ... and the economy overall ... and aam tepid inflation ... can ... sew up ... in the of the market didn't react ... to significantly to it we did see ... the euro spiking around eight fifteen a twenty doors Atlanta came out saying that the of the ... European ... Union Commissioner Olli Rehn is gonna make a statement ... at ten fifteen on Spain ... and so all we know we ... we always increase the on air but the summing to watch around ten fifteen of cable will keep an eye on that by the way Cisco we mention Cisco Cisco re re now so better than expected a little bit better than expected the ALM that that was helped by an acquisition that the kittens Video Will software company NDS added to their revenue from and there probably will stop by and we know this revenue was up five nap percent year over year to one of the top ... three three point seven percent ... I know that a little bit of softness in their quarter networking ... the routers switches on business and in Chambers the CEO is still talk about you know Brock conditions in Europe ... I mean it be the key thing interesting thing here for for Cisco continues to be ... potential margin erosion in that's that's the issue that the lot people read about because you have ... you know ... she'd never networking equipment coming in from China ... you have technology change that making it easier to do some of the networking tasks ... opinion inside other parts of the data center just with software as opposed to buying this ... this this box that this that works which for instance that has really Greek gross margins for Cisco also they're selling it for products ... that come with Laura Martin it's ... the it's a it's a buyer's market for ... for people who are out there looking to buy the equipment that ... that Cisco sells because frankly companies been pretty tight with the purse strings ... in terms of their capital spending on looking at the earnings environment which isn't exactly Bouril Austin ... they're being careful with their own costs and Cisco is not a good job ... controlling its costs you up to ... it ... return to the aid of better ... than our profit said it would sing in Techland for second Facebook ... interesting Davis is the ... largest ... lockup expiration for shares post IPO in or to four million shares today are available to me basically can and doubling as the amount of available shares say that someone and it got a total of two point seven billion shares ... outstanding including ... an equity compensation in restricted stock and options held by employees but one of the things even ... you can see about Cisco Umina of Facebook is the stock is down about fifteen percent now from that Popovic got after her and so it's basically return to the level ... that was that before on any of them believe that investors had after the earnings so ... the walls will see how much selling pressure this as I think maybe you know investors people uphold stock could just do it in terms of lockup expiring meanwhile ... hold on a little bit more to steer happy and me maybe it's a little anti climactic in the sense that there had been other ... lockup expirations already not as large as this button detail the float of shares has increased ... decisively so it's not like this is this is in L a single ... just kind of helicopter drop our shares today as it happened the other aspect of this story to is the fact that people don't know what that Apple didn't situations can be like wants me to reach this fiscal cliff issue for next year or so in the Masons people ... off with incentive to sell now rather than we still hear an early next year ... with respect to this the Facebook stock deal ... okay ... thanks so much John Shipman top of the markets are for Dan for more check out the markets of leader of the busy life ...